Santa Fe Gaming Makes Plea
For $60 Million Restructuring

Santa Fe Gaming Corp. is seeking concessions from its bondholders to avert a bankruptcy-protection filing for a subsidiary that could push the entire corporation into bankruptcy proceedings.

The subsidiary, Pioneer Finance Corp., has told investors it can't make the bond payments due Dec. 1 on $60 million in debt and may have to file for protection from creditors. If so, it is likely that Pioneer and Santa Fe Gaming would file for...